SURPLUS OF PROPERTY RE CIPRES RE LLC

Board of County Commissioners · 2026-06-16 · resolution

Miami-Dade County Board of County Commissioners adopted a resolution to declare county-owned property surplus and authorize its conveyance to Cipres RE, LLC for $10.00. The property will be developed with 14 units of affordable housing, rented to very low-, low-, or moderate-income households (not exceeding 120% of area median income), and will include approximately 4,100 square feet of ground-floor commercial space. Cipres RE, LLC, an affiliate of Rilea Group, Inc., will also contribute $800,000 to an endowed scholarship fund for students in Commission District 3. The developer has three years from the recording of the County Deed to complete the affordable housing development, subject to a reverter clause and a rental regulatory agreement.